Future of eurozone economy

European leaders achieved a major breakthrough in tackling the continent's debt crisis, by approving bailout fund however concerns over economic recovery of eurozone countries including Greece, Spain , Italy and Portugal still lingers on ,The borrowing costs for Spain and Italy skyrocketing to unaffordable levels, European leaders adopted several far-reaching measures that have long been the subject of heated disagreement. The plan allows the European Union to use its 500 billion euro ($622 billion) bailout fund to directly recapitalize ailing banks in Spain